Getting Past “Reefer Madness” How the Marijuana Industry Benefits the Nation

Written by Wall Street News on April 27, 2016. Posted in Business license for selling marijuana, Cannabis business resources, Licensing a marijuana business

Licensing a marijuana business

Marijuana has had a troubled history in the United States to say the least. The drug was once demonized by the 1930′s propaganda film “Reefer Madness” that sought to demonstrate the devastating effects of marijuana on youth — today however that same drug is used by millions of patients across the country to find relief for and treat a wide variety of medical conditions. This growing acceptance of marijuana is causing many Americans to reevaluate their position on the plant as the United States grows ever closer to nation-wide medical legalization of marijuana.

American Marijuana

On April 17, 2016 Pennsylvania became the 24th state to allow medical marijuana. A growing number of other states have decriminalized possession of marijuana and at the present time Alaska, Colorado, Washington, Oregon, and the District of Columbia have legalized the recreational use of marijuana. As our society continues to move past the historical stigma associated with marijuana, it is expected that even more states will continue along this trend; the principle hold-up is due to a lack of studies devoted to examining the medical benefits of marijuana, which is primarily due to a lack of funding because of that stigma.

The Benefits of Medical Marijuana

Three out of four doctors approve medical marijuana use with over half of all Americans believing that the drug should be legalized for medical use. Although only 6% of studies on marijuana analyze its medicinal properties, this is a major step towards nationwide legalization; as of 2012 there were over 20 cannabinoids that were studied by the United States Food and Drug Administration for medical use. Medical marijuana is used to help treat a variety of chronic conditions including chronic pain, cancer, arthritis, HIV, and other diseases. Recently medical marijuana has also been used to help treat military personnel returning from Iraq and Afghanistan who suffer from PTSD.

Investing in the Marijuana Industry

The medical marijuana market has grown exponentially over the past few years with experts suggesting that the industry could grow to a value of $36.8 billion if all 50 states legalized the drug. Starting a medical marijuana business can be a potentially risky and expensive endeavor, but with expert medical marijuana consulting and an optimal medical marijuana facility design, it can also prove to be a profitable and worthwhile investment. A medical marijuana facility design ought to consider a number of factors including production, distribution, and sales on top of marketing, legislation, and other details. Because medical marijuana is such a new industry in the nation, it is advised that anyone looking to invest in medical marijuana partner with professional consultants in the industry to ensure that you medical marijuana facility design is in accordance with state legislation. By participating in the medical marijuana industry, investors can make money and help patients in need get the relief that they need all while continuing to fight against the “Reefer Madness” that so influenced our nation for decades.

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